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The Organization of the Petroleum ExportingCountries in its monthly report lowered its forecast of world oil demand in 2019 to growth of 1.02 million barrels a day, citing weaker-than-expected data in the first half from various global

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Oil futures declined on Wednesday, settling at their lowest in about a week, as a report that President Donald Trump is considering easing sanctions on Iran raised the possibility of the return of the country’s crude to the world market. Trump discussed easing sanctions on Iran in a move to secure a meeting with Iranian President Hassan Rouhani later this month, Bloomberg News...

Oil futures gained ground Wednesday, boosted after an industry trade group signaled a fall in U.S. crude inventories as traders await official data. West Texas Intermediate crude for October delivery CLV19, +1.24% rose 69 cents, or 1.2%, to $58.09 a barrel, while November Brent crude BRNX19, +1.07% gained 56 cents, or 0.9%, to $62.94 a barrel. The American Petroleum Institute...

LONDON: OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new glut of crude. In a monthly report, the Organization of the Petroleum Exporting Countries said oil demand worldwide would expand by 1.08 million barrels per day (bpd), 60,000...

Has Opec’s forecast changed from earlier? Oil cartel Organization of the Petroleum Exporting Countries (Opec) on Wednesday said next year’s oil demand would be outpaced by strong growth in supplies from rival producers such as the US. Opec said worldwide demand would increase by 1.08 million barrels per day (mbpd) year-on-year, 60,000bpd less than previously estimated. Demand...

Analysts have slashed their oil price forecasts to the lowest in more than 16 months, citing softening global demand as an economic slowdown looms and uncertainty prevails on the US-China trade front, a Reuters poll showed on Friday. The survey of 51 economists and analysts forecast Brent crude LCOc1 would average $65.02 a barrel in 2019, down about 4 per cent from the previous...

NEW DELHI: India's oil demand will rise by the fastest pace globally this year and the next even as its economic expansion has slowed down, oil producers cartel Opec said on Wednesday. In its monthly world oil demand report, Opec said that India's oil demand is projected to rise by 3.21 per cent to 4.88 million barrels per day (mb/d) in 2019 from 4.73 mb/d in the previous year....

What is OPEC? | CNBC Explains

published:20 Jun 2018

What is OPEC? | CNBC Explains

What is OPEC? | CNBC Explains

published:20 Jun 2018

views:65047

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
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What is OPEC? | CNBC Explains

published:20 Jun 2018

views:65047

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
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Oil Price Analysis After Tanker Attacks and Before OPEC Meeting

published:21 Jun 2019

Oil Price Analysis After Tanker Attacks and Before OPEC Meeting

Oil Price Analysis After Tanker Attacks and Before OPEC Meeting

published:21 Jun 2019

views:1418

Two weeks ago the Crude oil price was around $51 and markets were discussing if a new downtrend was forming. All this changed on the 13th of June when the first of several oil tanker attacks happened in the Gulf of Oman. Watch our analysis of how this is and will impact oil prices and OPEC production cuts.
Currently trading at around $57.22, Crude oil has had a slightly larger jump than Brent, which trades for $64.26 at the moment. Several days of moving up with over 4% have come together with a growing nervousness about the geopolitical situation in the Persian Gulf and a potential armed conflict following accusations between Saudi Arabia (who own several of the attacked oil tankers) and Iran.
Although the tanker attacks haven’t caused giant shockwaves, they have definitely impacted the OPEC meeting (which will also include non-OPEC oil producing nations like Russia). Originally scheduled for the June 25, it has now been moved to July 1 and could change many plans. It was thought that production cuts were necessary to keep the oil price high in the near-term but this latest development could cause a recalibration of plans.
Watch as we analyse the impact of the oil tanker attacks and perform an oil price analysis that shows the closest support and resistance levels on the chart.
Subscribe to our channel for more crude oil analysis and for regular updates on what’s impacting the oil price for both Crude and Brent.
#OilPrice
#CrudeOil
#TankerAttacks
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Oil Price Analysis After Tanker Attacks and Before OPEC Meeting

published:21 Jun 2019

views:1418

Two weeks ago the Crude oil price was around $51 and markets were discussing if a new downtrend was forming. All this changed on the 13th of June when the first of several oil tanker attacks happened in the Gulf of Oman. Watch our analysis of how this is and will impact oil prices and OPEC production cuts.
Currently trading at around $57.22, Crude oil has had a slightly larger jump than Brent, which trades for $64.26 at the moment. Several days of moving up with over 4% have come together with a growing nervousness about the geopolitical situation in the Persian Gulf and a potential armed conflict following accusations between Saudi Arabia (who own several of the attacked oil tankers) and Iran.
Although the tanker attacks haven’t caused giant shockwaves, they have definitely impacted the OPEC meeting (which will also include non-OPEC oil producing nations like Russia). Originally scheduled for the June 25, it has now been moved to July 1 and could change many plans. It was thought that production cuts were necessary to keep the oil price high in the near-term but this latest development could cause a recalibration of plans.
Watch as we analyse the impact of the oil tanker attacks and perform an oil price analysis that shows the closest support and resistance levels on the chart.
Subscribe to our channel for more crude oil analysis and for regular updates on what’s impacting the oil price for both Crude and Brent.
#OilPrice
#CrudeOil
#TankerAttacks
***
Follow David Jones and Capital.com on:
Facebook: https://www.facebook.com/capitalcom/
Twitter: https://twitter.com/c...

All about OPEC and Trick to Remember members

published:27 Nov 2016

All about OPEC and Trick to Remember members

All about OPEC and Trick to Remember members

published:27 Nov 2016

views:28746

All about OPEC and Trick to remember Member countries of OPEC . Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations. The effect can be particularly strong when wars or civil disorders lead to extended interruptions in supply.
In the 1970s, restrictions in oil production led to a dramatic rise in oil prices and OPEC\'s revenue and wealth, with long-lasting and far-reaching consequences for the global economy. In the 1980s, OPEC started setting production targets for its member nations; and generally when the production targets are reduced, oil prices increas
The five Founding Members were later joined by nine other Members:
Qatar (1961); Indonesia (1962) – suspended its membership from January 2009-December 2015; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007); and Gabon (1975) - terminated its membership in January 1995 but rejoined in July 2016.
OPEC play a role in global Oil Politics
OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on September 1, 1965.
OPEC\'s objective is to co-ordinate and unify petroleum polici...

All about OPEC and Trick to Remember members

published:27 Nov 2016

views:28746

All about OPEC and Trick to remember Member countries of OPEC . Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations. The effect can be particularly strong when wars or civil disorders lead to extended interruptions in supply.
In the 1970s, restrictions in oil production led to a dramatic rise in oil prices and OPEC\'s revenue and wealth, with long-lasting and far-reaching consequences for the global economy. In the 1980s, OPEC started setting production targets for its member nations; and generally when the production targets are reduced, oil prices increas
The five Founding Members were later joined by nine other Members:
Qatar (1961); Indonesia (1962) – suspended its membership from January 2009-December 2015; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007); and Gabon (1975) - terminated its membership in January 1995 but rejoined in July 2016.
OPEC play a role in global Oil Politics
OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on September 1, 1965.
OPEC\'s objective is to co-ordinate and unify petroleum polici...

What’s behind the OPEC meeting delay?

published:22 Jun 2019

What’s behind the OPEC meeting delay?

What’s behind the OPEC meeting delay?

published:22 Jun 2019

views:607

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1
Are there ‘dark forces’ that have pushed the Organisation of the Petroleum Exporting Countries (OPEC) to delay the meeting originally scheduled for 25 June? Nitesh Shah, from WisdomTree, says he believes that the reasons for the delay are ‘malign’, rather than any major dispute between OPEC and non-OPEC members.
Learn more about IG: https://www.ig.com?CHID=9&SM=YT
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#Opec #Oil
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Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. Our range of affordable, fully managed investment portfolios rounds out our comprehensive offering to investors and active traders.
Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high r...

What’s behind the OPEC meeting delay?

published:22 Jun 2019

views:607

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1
Are there ‘dark forces’ that have pushed the Organisation of the Petroleum Exporting Countries (OPEC) to delay the meeting originally scheduled for 25 June? Nitesh Shah, from WisdomTree, says he believes that the reasons for the delay are ‘malign’, rather than any major dispute between OPEC and non-OPEC members.
Learn more about IG: https://www.ig.com?CHID=9&SM=YT
Twitter: https://twitter.com/IGcom
Facebook: https://www.facebook.com/IGcom
LinkedIn: https://www.linkedin.com/company/igcom
#Opec #Oil
We provide fast and flexible access to over 16,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. Our range of affordable, fully managed investment portfolios rounds out our comprehensive offering to investors and active traders.
Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high r...

🇶🇦Why is Qatar leaving OPEC? l Inside Story

published:03 Dec 2018

🇶🇦Why is Qatar leaving OPEC? l Inside Story

🇶🇦Why is Qatar leaving OPEC? l Inside Story

published:03 Dec 2018

views:98126

Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago.
Qatar plans to expand its role as the world\'s number one exporter of liquefied natural gas and boost production by more than 50 percent to 110 million tonnes a year
The decision to quit OPEC comes just days before a crucial meeting of members in Vienna to discuss cutting supplies.
Oil prices reached a four-year high of more than $80 a barrel a couple of months ago but has now dropped to about $60.
What does this mean for the global energy market?
Presenter: Richelle Carey
Guests
Abdullah Baabood, academic and researcher focusing on the Gulf region and the Middle East.
Cornelia Meyer, economist and energy expert.
Manouchehr Takin, former OPEC official.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
#Aljazeeraenglish
#News
#InsideStory #OPEC #Qatar...

🇶🇦Why is Qatar leaving OPEC? l Inside Story

published:03 Dec 2018

views:98126

Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago.
Qatar plans to expand its role as the world\'s number one exporter of liquefied natural gas and boost production by more than 50 percent to 110 million tonnes a year
The decision to quit OPEC comes just days before a crucial meeting of members in Vienna to discuss cutting supplies.
Oil prices reached a four-year high of more than $80 a barrel a couple of months ago but has now dropped to about $60.
What does this mean for the global energy market?
Presenter: Richelle Carey
Guests
Abdullah Baabood, academic and researcher focusing on the Gulf region and the Middle East.
Cornelia Meyer, economist and energy expert.
Manouchehr Takin, former OPEC official.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
#Aljazeeraenglish
#News
#InsideStory #OPEC #Qatar...

OPEC

published:20 Feb 2019

OPEC

OPEC

published:20 Feb 2019

views:864

The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental initiative launched to coordinate the sale of raw materials and to control the crude oil prices. Today, the organization faces both chronic and situational challenges, including instability of the oil market, excessing the quotas of its production and the competition within the organization....

OPEC

published:20 Feb 2019

views:864

The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental initiative launched to coordinate the sale of raw materials and to control the crude oil prices. Today, the organization faces both chronic and situational challenges, including instability of the oil market, excessing the quotas of its production and the competition within the organization....

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkf

OPEC is a permanent intergovernmental organization of oil exporting developing nations. OPEC secretariat is located in Vienna. OPEC plays vital role in world’s energy demand. Questions related to OPEC can be asked in various examinations. Keeping this in mind in the series of national and internatio

Two weeks ago the Crude oil price was around $51 and markets were discussing if a new downtrend was forming. All this changed on the 13th of June when the first of several oil tanker attacks happened in the Gulf of Oman. Watch our analysis of how this is and will impact oil prices and OPEC productio

All about OPEC and Trick to remember Member countries of OPEC . Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
The formation of OP

Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1
Are there ‘dark forces’ that have pushed the Organisation of the Petroleum Exporting Countries (OPEC) to delay the meeting originally scheduled for 25 June? Nitesh Shah, from WisdomTree, says he believes that the reasons for the

HELLO FRIENDS
OPEC is a intergovernmental organization of 14 countries which are rich in oil production and exports its oil to other countries.Here is a brief explanation of OPEC keeping all exams in the view. ASIAN PREMIUM issue is discuss which brought india and china together against gulf countri

Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago.
Qatar plans to expand its role as the world\'s number one exporter of liquefied natural gas and boost production by more than 50 percent to 1

The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental initiative launched to coordinate the sale of raw materials and to control the crude oil prices. Today, the organization faces both chronic and situational challenges, including instability of the oil market, excessing